Port of Dubrovnik to receive massive investment

An international jury has made a decision on the final solution for the design of a future passenger terminal in the Port of Dubrovnik on 28th of June, 2016. Twenty proposals have been received and only one has been selected by the international jury after a whole day of consultations.

The new passenger terminal will be built by the French-Turkish consortium Dubrovnik International Cruise Port Investment. It is a joint venture with the Turkish company Global Ports Holding and the French Bouygues Batiment International. The main focus of the French group is construction and the Turkish group Global Liman Isletmeleri A.S. specialises in development and management of cruise and trade ports.

The consortium was granted a 40-year concession on the port for which they will spend 25 million Euros in concession fees and invest almost 94 million Euros in the construction of the new passenger terminal.

Apart from a new cruise ship terminal this project also includes a shopping centre, a new international bus terminal and 700 parking spaces on the area of around 25,000 square meters.

The value of the concession is estimated at 750 million Euros and the construction on the new terminal is to start in the autumn of this year and should be completed by the end of 2018.

The Dubrovnik Port Authority began looking for a strategic partner for the terminal in September 2014 and last autumn accepted the only offer, submitted by Dubrovnik International Cruise Port Investment.

Antun Asic, the Dubrovnik Port Authority manager, Arpak Demircan, the Management President of Dubrovnik International Cruise Port Investment and Dragos Victor Stefanescu, the Management member, signed a preliminary contract on the concession for constructing and using of the passenger terminal in Gruž at the Croatian Ministry of Maritime Affairs, Transport and Infrastructure in February this year. The final deadline for signing the contract is due for October 2017.